You are reading it wrong and your assuming wise guy. You know what they say when you ASSuME I have never flipped-flopped YUM or any company.
Then what would you call IBM there skippy? Just get on board and stop fighting an agenda you won't win in the long run.
You do realize that folks investing in IBM are seeking growth and not just yield like a PG, PEP, K, GIS, CLX, KMB, JNJ, and so on.
Congrats clarence on your keen eye to decide to own IBM back 1955. I would be a happy camper if my investment in IBM turns out just even half as well as yours did.
Are freakin seriously using HP and DELL as examples? You obviously have no clue what IBM does and should not be putting real money into the market.
Sentiment: Strong Buy
I'm a first time investor in IBM as well. It is my only tech company in my portfolio. Good luck to you.
You are right that the past has no bearing on the future; however, it is a good indicator as well as the only one that investors can remotely use to give them an idea on the future of a company when making an investment decision. Isn't that what all these 1000s of so called guru metrics/charts are based off of is the past to give an investor an idea if the company is worth investing in?
What happens to the price if it meets are slightly exceeds the number?
Earnings detracting will soon mean a market failure but in the mean time we have irrational investors that have absolutely no clue what "buy cheap" means.